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Supplemental Equity and Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Supplemental Equity and Accumulated Other Comprehensive Income (Loss) | Note 8. Supplemental Equity and Accumulated Other Comprehensive Income (Loss): Supplemental Equity The Company has declared cash dividends per share of $0.08 in the three months ended September 30, 2023 and 2022. Consolidated Changes in Equity (amounts in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Bio-Techne Shareholders |  | ​ | ​ |  |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Additional | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Paid-in | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | ​ | ​
​ | ​ | Shares | ​ | Amount | ​ | Capital | ​ | Earnings | ​ | Income(Loss) | ​ | Interest | ​ | Total
Balances at June 30, 2023 |  | 157,642 | ​ | $ | 1,576 | ​ | $ | 721,543 | ​ | $ | 1,309,461 | ​ | $ | (66,064) | ​ | $ | — | ​ | $ | 1,966,516
Net earnings |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | 50,993 | ​ |  | ​ | ​ |  | ​ | ​ |  | 50,993
Other comprehensive loss |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | (11,952) | ​ |  | ​ | ​ |  | (11,952)
Common stock issued for exercise of options |  | 633 | ​ |  | 6 | ​ |  | 12,877 | ​ |  | (15,460) | ​ |  | ​ | ​ |  | ​ | ​ |  | (2,577)
Common stock issued for restricted stock awards |  | 47 | ​ | ​ | 1 | ​ |  | 0 | ​ |  | (4,768) | ​ |  | ​ | ​ |  | ​ | ​ |  | (4,767)
Cash dividends |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | (12,654) | ​ |  | ​ | ​ |  | ​ | ​ |  | (12,654)
Stock-based compensation expense |  | ​ | ​ |  | ​ | ​ |  | 9,981 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 9,981
Common stock issued to employee stock purchase plan |  | 33 | ​ | ​ | 1 | ​ |  | 2,093 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 2,094
Employee stock purchase plan expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 112 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 112
Balances at September 30, 2023 |  | 158,355 | ​ | $ | 1,584 | ​ | $ | 746,606 | ​ | $ | 1,327,572 | ​ | $ | (78,016) | ​ | $ | — | ​ | $ | 1,997,746
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Bio-Techne Shareholders |  | ​ | ​ |  |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Additional | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Paid-in | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | ​ | ​
​ | ​ | Shares | ​ | Amount | ​ | Capital | ​ | Earnings | ​ | Income(Loss) | ​ | Interest | ​ | Total
Balances at June 30, 2022 |  | 156,644 | ​ | $ | 1,566 | ​ | $ | 652,467 | ​ | $ | 1,122,937 | ​ | $ | (75,200) | ​ | $ | (759) | ​ | $ | 1,701,011
Net earnings |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | 89,555 | ​ |  | ​ | ​ |  | 179 | ​ |  | 89,734
Other comprehensive loss |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | (16,762) | ​ |  | ​ | ​ |  | (16,762)
Reclassification of cumulative translation adjustment for Eminence to non-operating income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 152 | ​ | ​ | (33) | ​ | ​ | 119
Elimination of noncontrolling equity interest from sale of Eminence |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 613 | ​ |  | 613
Share repurchases |  | (222) | ​ |  | (2) | ​ |  | ​ | ​ |  | (19,560) | ​ |  | ​ | ​ |  | ​ | ​ |  | (19,562)
Common stock issued for exercise of options |  | 425 | ​ |  | 5 | ​ |  | 9,418 | ​ |  | (11,428) | ​ |  | ​ | ​ |  | ​ | ​ |  | (2,005)
Common stock issued for restricted stock awards |  | 45 | ​ | ​ | 0 | ​ |  | 0 | ​ |  | (6,427) | ​ |  | ​ | ​ |  | ​ | ​ |  | (6,427)
Cash dividends |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | (12,545) | ​ |  | ​ | ​ |  | ​ | ​ |  | (12,545)
Stock-based compensation expense |  | ​ | ​ |  | ​ | ​ |  | 14,364 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 14,364
Common stock issued to employee stock purchase plan |  | 36 | ​ | ​ | 0 | ​ |  | 2,517 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 2,517
Employee stock purchase plan expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 97 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 97
Balances at September 30, 2022 |  | 156,928 | ​ | $ | 1,569 | ​ | $ | 678,863 | ​ | $ | 1,162,532 | ​ | $ | (91,810) | ​ | $ | — | ​ | $ | 1,751,154
​ ​ ​ Accumulated Other Comprehensive Income The components of other comprehensive income (loss) consist of changes in foreign currency translation adjustments and changes in net unrealized gains (losses) on derivative instruments designated as cash flow hedges. The Company reclassified $2.5 million, net of taxes, from accumulated other comprehensive income (loss) to earnings during the three months ended September 30, 2023. The accumulated balances related to each component of other comprehensive income (loss) attributable to Bio-Techne are summarized as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gains | ​ | Foreign | ​ | ​ | ​
​ | ​ | (Losses) on | ​ | Currency | ​ | ​ | ​
​ | ​ | Derivative | ​ | Translation | ​ | ​ | ​
​ |  | Instruments |  | Adjustments |  | Total
Balance as of June 30, 2023 | ​ | $ | 12,862 | ​ | $ | (78,926) | ​ | $ | (66,064)
Other comprehensive income (loss), before tax: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts before reclassifications, attributable to Bio-Techne | ​ | ​ | 1,587 | ​ | ​ | (11,069) | ​ | ​ | (9,482)
Amounts reclassified out | ​ | ​ | (2,539) | ​ | ​ | (698) | ​ | ​ | (3,237)
Total other comprehensive income (loss), before tax | ​ | ​ | (952) | ​ | ​ | (11,767) | ​ | ​ | (12,719)
Tax (expense)/benefit | ​ | ​ | (602) | ​ | ​ | (165) | ​ | ​ | (767)
Total other comprehensive income (loss), net of tax | ​ |  | (350) | ​ | ​ | (11,602) | ​ | ​ | (11,952)
Balance as of September 30, 2023(1) | ​ | $ | 12,512 | ​ | $ | (90,528) | ​ | $ | (78,016)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gains | ​ | Foreign | ​ | ​ | ​
​ | ​ | (Losses) on | ​ | Currency | ​ | ​ | ​
​ | ​ | Derivative | ​ | Translation | ​ | ​ | ​
​ |  | Instruments |  | Adjustments |  | Total
Balance as of June 30, 2022 attributable to Bio-Techne | ​ | $ | 8,069 | ​ | $ | (83,269) | ​ | $ | (75,200)
Other comprehensive income (loss), before tax: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts before reclassifications, attributable to Bio-Techne | ​ | ​ | 4,376 | ​ | ​ | (21,457) | ​ | ​ | (17,081)
Amounts reclassified out | ​ | ​ | 417 | ​ | ​ | 152 | ​ | ​ | 569
Total other comprehensive income (loss), before tax | ​ | ​ | 4,793 | ​ | ​ | (21,305) | ​ | ​ | (16,512)
Tax (expense)/benefit | ​ | ​ | 98 | ​ | ​ | — | ​ | ​ | 98
Total other comprehensive income (loss), net of tax | ​ |  | 4,695 | ​ | ​ | (21,305) | ​ | ​ | (16,610)
Balance as of September 30, 2022(1) | ​ | $ | 12,764 | ​ | $ | (104,574) | ​ | $ | (91,810)
​ (1)The Company had a net deferred tax liability of $4,145 and $3,921 as of September 30, 2023 and September 30, 2022, respectively. ​ Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within foreign currency translation adjustments do include impacts from the net investment hedge.

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